Minister of Electricity and Renewable Energy, Egypt, Mahmoud Esmat, held a meeting with Minister for Foreign Trade and International Development Cooperation, Sweden, Benjamin Dousa, at the Ministry’s headquarters in the New Administrative Capital.
The session was attended by Swedish Ambassador Dag Juhlin-Dannfelt, Gaber Desouky of the Egyptian Electricity Holding Company, Mona Rizk of the Egyptian Electricity Transmission Company, senior government officials, and representatives of Egyptian Swedish energy ventures.
The meeting focused on multiple areas. These included the development of renewable electricity projects, the need for energy storage systems, technology sharing, and grid connections with other countries.
One of the topics was a 1,000-megawatt (MW) battery storage project. Officials also reviewed progress on interconnection plans between Egypt and Europe, which would allow renewable energy exports from Egypt.
Both sides discussed ways to improve grid stability while increasing the share of renewables like solar and wind. Hydropower and green hydrogen were also covered. Swedish Development Finance Institute’s role in supporting technical and planning studies was mentioned.
The two sides looked into Swedish private sector involvement in Egypt’s energy plans. These include ongoing projects involving Swedish companies in solar and wind power sectors. Sweden’s participation also includes support for studies in capacity planning and integration of renewable energy into the power grid.
Minister Esmat said that most renewable projects in Egypt are implemented through partnerships with local and foreign companies. He stated, “that Egypt is aiming for 42% of electricity from renewables by 2030 and 65% by 2040.”
He added that “electricity is a national priority for Egypt’s development. Cross-border energy trade and grid development are among the government’s plans to support the energy transition.” This includes projects that allow electricity exports to Europe.
